The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 10, 2025 for Vineha Enterprises Pvt Ltd
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Vineha Enterprises Private Limited, a promoter of AGS Transact Technologies, has disclosed the invocation of a pledge on 55,00,000 equity shares (4.28% of share capital) by New Berry Advisors Ltd on April 4, 2025. Separately, Chairman & MD Mr. Ravi B. Goyal also had a pledge on 16,58,501 shares (1.29% of capital) invoked by Bajaj Finance Ltd between April 3 and April 4, 2025. In total, about 71.58 lakh promoter shares (~5.57% of equity) have moved out of the promoter group's control into the hands of lenders. Vineha Enterprises continues to hold 4,07,04,264 shares (31.69%) as a promoter entity of the company.
Negative signal for shareholders — pledge invocation typically means the promoter could not meet loan or margin obligations, giving lenders the right to sell these shares in the market. This creates a potential supply overhang and raises concerns about the financial health of the promoter group, which could weigh on the stock price.